The Real Estate Financial Planner Blueprint™
Elgin, Illinois 20% DP

Purchased Elgin, Illinois Average Property 1 Property
Bought in Month 1

We have a Rule that has you buying the Elgin, Illinois Average Property 1 Property when your Account balance in the Starting with $100K, Earning 7%/year Account reaches $6,390. The following is a chart showing the balance of Starting with $100K, Earning 7%/year Account from the start of the Scenario to Month 1 after we've adjusted for all the income and expenses for the entire month.

To purchase the Elgin, Illinois Average Property 1 Property, we're assuming you're getting a 20% down payment loan. With a $177,500 purchase price that means you need to have $35,500 for down payment.

The total cost to close must also include the rent ready costs ($0) and closing costs ($1,775) minus any seller concessions ($0).

Description Amount
Down Payment $35,500
Rent Ready Costs $0
Closing Costs $1,775
Seller Concessions $0
Total Cost To Close: $37,275

The monthly rent on this Property is $1,065 per month.

Return in Dollars + Reserves

Property Appreciation Cash Flow Debt Paydown Cash Flow from Deprec.™ +12 Mos Reserves @ 8% RID+R12™ Total
Elgin, Illinois Average Property 1 -$3,851 -$5,354 $2,239 $988 $1,419 -$4,559
Elgin, Illinois Average Property 2 -$3,527 -$4,795 $2,028 $903 $1,295 -$4,095
Totals: -$7,377 -$10,149 $4,267 $1,891 $2,714 -$8,654

Asset Allocation

How are assets allocated? Let's first look at this month.

Copy Scenario into my Real Estate Financial Planner™ Software Account

Blueprint™ Menu of Sections

Reports